The three main parties are having a fight about tax today. It’s the day the rise in the personal allowance comes into effect, and David Cameron will give a speech describing what is to most people the Easter Bank Holiday as ‘Money-Back Monday’ (which sounds a bit like a gameshow in a pound shop) and claiming tat up to 94 per cent of households are better off under the tax and benefit changes that come into effect this year.
Ed Balls is also working today while the rest of Britain heads to the beach and scratches its head about how to sort out the garden: the Shadow Chancellor is also giving a speech in which he will say that the Tory record on tax is ‘millions pay more, millionaires pay less’. Even though David Cameron has ruled out a rise in VAT after the election, Balls will continue to warn that the Tories might put it up anyway, saying this would amount to a £1,440 blow to families.
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